Will Health Reform Legislation Create A Crisis For Small Business Owners?
The house bill plans to require employers with more than $500,000 in revenue will be required to offer coverage to their employees AND contribute t least 72.5% of the premium cost for singles and 65 for family coverage.
If they fail to comply businesses would pay a penalty of 2 percent to 8 percent.
“Right now, health care costs me $750,000 a year,” Prybutok said. “I’d be miles ahead paying the 8 percent penalty and letting all my employees go into the public option.” Delaware Online
Or I could see some business owners intentionally keeping their revenues under $500,000 so they do not have to pay premiums or the penalties.
What do you think?
